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Main De Dieu (2) Group
In this Group: Sylvestre, Dolly, Marlène, Michelle, Hilaire, Georges, Galessan, Assitou, Ludmilla, Rebecca, Andress
Sylvestre is a young entrepreneur from Brazzaville, the Republic of Congo, who makes and sells smoked fish out of his home. At home he supports his wife and 2-year-old child in addition to two little brothers. In order to help increase his business activity, Sylvestre joined HOPE Congo earlier this year, becoming a member of the community bank group MAIN DE DIEU (2).

Sylvestre leads a sub-group of ten other micro-entrepreneurs within MAIN DE DIEU (2) and is currently on his second loan cycle with HOPE Congo. Now Sylvestre would like to take out a small loan of 300,000 XAF (Central African CFA francs) in order to buy more fish. In the future, he hopes to expand his business and one day be able to save enough money to build his family their own home.

Additional Information

More information about this loan


Important Information

About HOPE Congo S.A.: HOPE Congo S.A. is a start-up microfinance institution located in Brazzaville, Republic of the Congo. As of 2009, the Republic of the Congo was the 136th-ranked country in the United Nations Development Programme’s Human Development Index. The average life expectancy is in the low 50s and food insecurity poses a constant threat to ordinary people’s well-being. Through the creation of community banks, HOPE Congo provides credit, savings, and training for entrepreneurs in Brazzaville. With their services, they aim to nourish a culture of saving and an independent community of responsible and self-sustaining entrepreneurs.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

Tags

About Congo (Rep.)

  • $2,250
    Average annual income
  • 4
    View loans »
    Congo (Rep.) Loans Fundraising
  • $2,265,350
    Funds lent in using Kiva
  • 482.2
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A portion of Main De Dieu (2) Group's $5,925 loan helped a member to buy more fish to sell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 30, 2014
Listed
Jul 18, 2014
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2014